M'sia may face bankruptcy if corruption remains, cautions Muslim NGO groups
RAJA NUR FANIE AIDA17 Aug 2022 08:30am
Accin's Mohd Jamaludin Shamsudin says soaring debt could cause higher repayment of interest rates which could be channeled to developmental projects.- Photo from Sinar Archive
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Allied Coordinating Council of Islamic NGOs Malaysia's (Accin) Mohd Jamaludin Shamsudin warned that the country's debt is rising and the matter could get worse of corruption is not curbed and the government’s delivery system remains inefficient.
“Soaring debts will cause higher repayment of interest rates which could be channeled to developmental projects.
“Important projects will not be carried out as funds will only be sufficient to cover operational costs.
“In extreme cases like Sri Lanka, they do not have sufficient funds to pay loan interest and operational costs until their government’s delivery system collapsed causing the country to become bankrupt," he told Sinar Harian.
Due to that, he said Malaysia needs to be cautious and curb corruption before the country's debts become higher to pay for inefficient projects.
Accin is a group of 14 NGOs that have joined Rasuah Busters Selangor, Kuala Lumpur and Putrajaya.
Jamaludin said they support initiatives taken by Rasuah Busters to combat the culture of corruption.
There are six political demands in #MalaysiaTanpaRasuah initiated by the partners in Rasuah Busters - institutional freedom and transparency and the implementation of Political Funding Act - the foundation to curb corruption in this country.
“These are crucial to be implemented,” he said, adding that they will be joining hands with others to have a stronger voice to curb corruption.
